Arizona Real Estate Notebook

“For the first time since July 2005, the local resale housing market has posted year-over-year improvement. April had 5,585 recorded sales in contrast to 4,855 sales for a year ago” The median home price however continued to fall from $220,000 in March to $210,000 in April. That is the lowest median home price since […]

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I just updated my charts in the Zip Code Real Estate Notebooks. See list of zip codes in the right-hand column. The charts I updated for March were for most all zip codes in Maricopa County. Charts updated were;

Individual homes sold price for March Individual homes sold price per square foot for March Time series of […]

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Case-Shiller numbers show home prices depreciating at an increasing rate in these Western cities. Does that make any sense? Well, it’s old news that prices fell in November but it’s nice, I suppose, to know the exact magnitude of the decline. Phoenix Home Prices The Case-Shiller numbers show metro Phoenix home prices fell […]

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The Case-Shiller Housing Index is the most accurate dataset of home prices, however, it is slow. The median home price, which is less accurate, comes out about 6 weeks before the Case-Shiller data. Phoenix Housing Price Index The price decline in October came in larger than I expected at 2.3% for metro Phoenix. Several areas […]

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This LoanPerformance House Price Index finds metro Phoenix home prices down 10% October 2006 to October 2007. This index number is similar to the Case-Shiller Housing Index.

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The Case-Shiller housing price index is the best for looking at home price appreciation. Unfortunately, they only had one index number for all of metro Phoenix. You can’t use Case-Shiller to compare the differing appreciation rates within metro Phoenix. We know there are wide variations within metro Phoenix but not exactly where and by […]

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EXCLUSIVE - Data table created by John Wake, Associate Broker, HomeSmart Real Estate, from ASU data. Six of the 14 cities had median price decreases of 10% or more. Well, there were eight in October so maybe the decline is not accelerating. In September, it was four cities. The median home price for all of Greater […]

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[Hat tip Jay Thompson.]

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EXCLUSIVE - Data table created by John Wake, Associate Broker, HomeSmart Real Estate, from ASU data. None of the 14 cities ASU follows showed a higher median home price in September than compared to the previous September. Eight of the 14 cities showed median price decreases of more than 10%. Last month, only […]

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The fall of the US dollar in relation to the Canadian dollar makes Arizona homes cheaper for Canadians. How much cheaper? Here’s what Arizona homes prices look like to Canadians. Let’s start with the largest city in the Valley of the Sun, Phoenix. Phoenix This is how Phoenix home prices look to Arizonans.

If we […]

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EXCLUSIVE - Data table created by John Wake, Associate Broker, HomeSmart Real Estate, from ASU data. None of the 14 cities ASU follows showed a higher median home price in September than compared to the previous September. Four of the 14 cities showed median price decreases of more than 10%. The median home price for all […]

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I’ve been harping for a while now about the Phoenix real estate market really being many sub-markets, that some sub-markets are doing far better than others. Unfortunately, I didn’t any data to quantify the differences. Now, you gotta check out the Arizona Republic interactive charts on Phoenix real estate price increases by zip code. You […]

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When they’re right, they’re right. The largest paper in Canada, the Toronto Star, has this article on real estate bargains in the United States. Sure, a shopping trip to Buffalo might net you a deal or two now that the loonie has soared to parity with the U.S. dollar, but after a prolonged slump in the U.S. […]

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Thanks to an upgrade by the vendor from whom I buy the raw data on Maricopa county home sales, Home Sale News email newsletters of homes for sale and homes sold now have data that is only 2 weeks old! Absolutely amazing! Nobody has more recent data.

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Are there more or fewer homes for sale in your zip code? Is the median list price increasing or decreasing in your zip code? For all the numbers people out there who love this blog, it’s Christmas. We have more numbers! Today’s issues of Home Sale News were the first to link to individual web pages showing […]

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The Case-Shiller index of home prices is the best measure of home price appreciation when looking at entire metropolitan areas in the United States. It doesn’t measure appreciation in smaller areas such as cities or zip codes, however. The Case-Shiller home price index for metro Phoenix fell 0.8% in July and was 7.3% below the peak […]

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EXCLUSIVE - Graphic presentation of ASU data created by your favorite Realtor, John L. Wake, Associate Broker, HomeSmart Real Estate. Northeast Valley Scottsdale Arizona homes for sale now Southeast Valley Chandler Arizona homes for sale now Gilbert Arizona homes for sale now Mesa Arizona homes for sale now Tempe Arizona homes for sale now Phoenix Phoenix Arizona homes for […]

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EXCLUSIVE - Table of ASU data created by your favorite Realtor, John L. Wake, Associate Broker, HomeSmart Real Estate. All 14 cities we follow showed median home price decreases between August 2006 to August 2007. However, condos/townhouses in two cities, Phoenix and Tempe, showed median price increases. The median home price for all of Great Phoenix […]

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EXCLUSIVE - Table of ASU data created by your favorite Realtor, John L. Wake, Associate Broker, HomeSmart Real Estate. Only Scottsdale, Chandler and Phoenix showed positive, although small, changes in their median home prices versus a year ago. However, since Phoenix and Scottsdale accounted for 35% of area home sales in July the median home […]

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“At a national level, declines in annual home price returns are showing no signs of a slowdown or turnaround,” says Robert J. Shiller, Chief Economist at MacroMarkets LLC. Metro Phoenix home price appreciation was -5.5% from May 2006 to May 2007. Not killer… but… I would guess the next 12 months will see more of […]

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The Tribune has a nice piece on changes in the inventory of Valley homes for sale. In the first six months of 2007, 20,662 single-family home permits were issued, a 24 percent drop from the same period last year. Good! Builders were still living in La La Land in the first 6 months of 2006. Brown recently […]

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ASU’s Jay Butler on Phoenix home prices. The median price of a home in the Phoenix area used to be about 90 percent of the National Association of Realtors’ national median price, he said. Prices began rising during a hot housing market in early 2005 and, during the past year and a half, have settled at about […]

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EXCLUSIVE - Table of ASU data created by your favorite Realtor, John L. Wake, Associate Broker, HomeSmart Real Estate. For all of Greater Phoenix the median home price year-over-year was down 1.4% going from $267,000 in June 2006 to $263,145 in June 2007. Sun City West and Sun City are the big winners in the falling prices […]

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EXCLUSIVE - Table of ASU data created by your favorite Realtor, John L. Wake, Associate Broker, HomeSmart Real Estate. For all of Greater Phoenix the median home price year-over-year was down slightly going from $265,000 in May 2006 to $262,000 in May 2007. 11 of the 14 cities below had lower prices, 2 cities were flat, however […]

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Good! Maybe the increased new-home impact fees in Chandler will help strengthen resale home prices in Chandler a tad bit.

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